Short for Secret News Weapon. This is one of Felix's premium services.
This software package has an incredibly fast connection to news releases as they come out and can be configured to automatically place trades on one or more broker platforms based on the results of the news release.
Many people ask which is the best broker for using the Weapon. If possible, use an ECN broker that doesn't widen spreads too much. Otherwise, it's best to work with a small group of people and experiment. If hundreds of people place successful Secret News Weapon trades at the same time against the same non-ECN broker, that broker will find ways to keep people from making a profit with the Weapon.
Some brokers will cancel trades placed using the Weapon. Others widen spreads so much that it is almost impossible to make any profit except on huge spikes. Others will block trading for a few minutes around newstime.
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Articles in Forex Traders Glossary
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There are 96 articles in Forex Traders Glossary.
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A
B
C
D
E
F
G
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G (cont.)
H
I
K
L
M
N
O
P
Q
R
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R (cont.)
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T
V
W
Y
Z
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